Analyst: Bitcoin Could Target $8,200 Next Despite Recent Stability; Is the Bull Run Over?7.8

Bitcoin has been experiencing some incredibly positive price action over the past few months, but what started out at consistent, steady gains quickly changed into massive volatility after BTC began moving parabolically, which ultimately resulted in the crypto losing its momentum and plummeting from its recent highs.

Now, it appears that Bitcoin has entered a period of consolidation, bouncing between the upper $10,000 region and the lower $12,000 region. Importantly, one analyst believes BTC’s current consolidation trend could result in a plummet to $8,200.

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